posted September 10, 2004 14:21            

1:59 PM

posted September 10, 2004 15:18            

3:00PM - 1,042,143,296

posted September 10, 2004 15:28            

Item 5. Other information

General. The Company's financial resources have been substantially exhausted and management does not know of any significant additional financing available to the Company. The Company has no continuing on-going business operations at this time. The Company has been seeking, since early 1995, to satisfy its trade debt other than through a court supervised process, which would entail significant administrative expenses. The Company has been able to satisfy a substantial portion of its trade debt, but in light of its financial position, it is unlikely any payments will be made on its other indebtedness, which has been voluntary subordinated to the Company's trade creditors.

SEC Reporting Obligations. Because of the Company's financial condition and its consequent difficulty paying the attendant legal and accounting expenses, its ability to continue to meet its reporting obligations under the Securities Exchange Act of 1934 remains questionable. The financial statements included with its Form 10-KSB for the year ended January 31, 2002, were not audited by an independent certified accountant, because the Company could not afford the cost of an audit.

Inability to Pay Indebtedness. Management does not presently anticipate that any of its outstanding obligations under its Operations Advances, Gold Delivery Contracts and term debt, a substantial portion of which outstanding obligations are held
by members of the Company's board of directors, can be satisfied. Accordingly, management does not believe, as a practical matter, that there is any remaining value to be ascribed to the Company's outstanding preferred stock or common stock.

Status of Properties. The status of the Company's mineral properties has not changed from the description contained in Item 2 of the Company's Form 10-KSB for the fiscal year ended January 31, 2002.

Source

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 1O-QSB

Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934

For the Quarter Ended October 31, 2002

Commission File Number: 0-18616

ST. GEORGE METALS, INC.
(Exact name of registrant as specified In its charter)

Nevada 88-0227915
(State or other jurisdiction of (I.R.S. Employer
Incorporation or organization) Identification Number)

1800 N. Beauregard Street, Suite 150, Alexandria, Virginia 22311
(Address of principal executive offices) (Zip code)

posted September 10, 2004 15:31            

Sorry if it has......

SGGM -- St. George Metals, Inc.
Com (1 Cent)

Address:
Box 446
Vigreville
AB T9C 1R4
Canada
Phone: 877-632-3133

Officers:
Mark Giebelhaus, Pres.

Shares Outstanding: 16,951,526 as of 2004-09-06

Estimated Market Cap: 5.933M as of 2004-09-08

Current Capital Change:
Stk. Div.=3%
Ex-Date: 2003-04-30
Record Date: 2003-04-29
Pay Date: 2003-05-02

Dividends: None

State of Incorporation: NV

Company Notes:
Note=11-02 company has no continuing on-going business operations

Transfer Agents:
PacWest Transfer, Warrenton, VA 20186

posted September 10, 2004 15:40            

At least some positive news albeit the distribution rate would suggest a 483b o/s which compared to 800b or 1.5t does not sound too bad!!!

posted September 10, 2004 15:42            

Thanks for the update

Also for everyone -

posted September 10, 2004 16:41            

quote:

---

We see green next week.

---

posted September 10, 2004 16:47            

--------------------------------------------------------------------------------
Post from dustybutler1 at Mach's board. Link below. Sugarpaw

She indicated SGGM and CMKX were two separate companies, she is Urban's niece (and not Ron's daughter) but works solely for SGGM, and there will be PRs starting next week that will explain many, many things... including the $10M!
Just adding more bandwidth

She said she has been getting about 250 calls a day... not surprised by that, are we haha

Very professional IR person... just the way you want someone in that capacity to be. I wouldn't be surprised to see SGGM make a move next week... it is now at .305 on 800K volume... up 17% today.

posted September 10, 2004 17:18            

quote:

---

Originally posted by tic_toc:
We see green next week.

---

posted September 10, 2004 19:38            

Pedro’s Theory

posted September 10, 2004 22:09            

quote:

---

Originally posted by Money_Penny:
I just called my broker (lowtrades) and asked about the UCAD dividend since people on other boards are reporting they’re getting statements showing the UCAD dividend had posted in their accounts. To my surprise, there are UCAD shares set up in a separate account for me (I think he said it was a margin account). He told me the amount of shares and doing a quick calculation the distribution rate was 0.0000155. I asked if the shares were showing restricted and he said yes. He did not know how long the shares would be restricted. I then asked about any applicable fees once they became unrestricted and I wanted to sell them and he said it depends whether or not they need to go through the TA for that transaction. If they do (which is not the norm) there would be a fee from the TA. Otherwise, there would not be any fees.

At least some positive news albeit the distribution rate would suggest a 483b o/s which compared to 800b or 1.5t does not sound too bad!!!

BTW, these shares will not show up in your online accounts, probably because they are restricted.

---

posted September 10, 2004 22:11            

She indicated SGGM and CMKX were two separate companies, she is Urban's niece (and not Ron's daughter) but works solely for SGGM, and there will be PRs starting next week that will explain many, many things... including the $10M!
Just adding more bandwidth
---------------------------------------------

Wonder why that person "Sugarpaw" did not ask the obvious. Such as, "I understand they are two separate companies, but who owns SGGM"? "Does the Casavant family have a controlling interest in any way or are members of that family on the Bd of Dirs?"

Sure, she works solely for SGGM, but who hired her? Who got her the job there as opposed to working at CMKX?

Is this SGGM deal just another case of the left hand passing $$$$s to the right hand as has been done in the past?

PS: No reflection on you, noahltl.

posted September 10, 2004 22:16            

Wallace,

I dug up some real 'DD Work' for you...

Go check it out. I think you can use this type of information.

Toodles
http://www.dailyitem.com/archive/2004/0823/biz/stories/05biz.htm

-Byrd-

posted September 10, 2004 22:32            

quote:

---

Here are some of the companies he is involved with...

DAVID DESORMEAU ANDREA DESORMEAU ANDREA DESORMEAU BUSINESS WORKS INC.

DAVID DESORMEAU DAVID DESORMEAU DAVID DESORMEAU CASAVANT RACING CORPORATION

DAVID DESORMEAU DAVID DESORMEAU DAVID DESORMEAU SILVER FOX CAPITAL INC.

DAVID DESORMEAU DAVID DESORMEAU JON THIRIOT STONEHENGE INC

DAVID DESORMEAU JAMES KINNEY JAMES KINNEY CANADIAN DIAMOND FIELDS INTERNATIONAL, INC.

DAVID J. DESORMEAU ANDREA J. DESORMEAU NONE LISTED INTERNATIONAL SUCCESS BUILDERS INC

JOHN D. GUZMAN DAVID DESORMEAU DAVID DESORMEAU EYECANDY ENTERTAINMENT INC.

RON CASAVANT DAVID DESORMEAU DAVID DESORMEAU CASAVANT INTERNATIONAL MINING CORPORATION

STEVE RADFORD JOHN CRANDALL DAVID DESORMEAU AMDI INTERNATIONAL INC

STEVE RADFORD JOHN CRANDELL DAVID DESORMEAU AMDI PETROLEUM INC.

STEVE RADFORD JOHN CRANDELL DAVID DESORMEAU SL INTERNATIONAL INVESTMENTS INC.

URBAN CASAVANT DAVID DESORMEAU DAVID DESORMEAU CASAVANT GOLF COMPANY

For details, go to this site....

---

posted September 10, 2004 22:51            

quote:

---

Originally posted by trgfunds:
Money, my broker is also lowtrades and since I just read your post after business hours I can't check to see if my account shows the same, but did they tell you when (as of what date) you got the UCAD shares? How do you access the acct? do they just give you a new number or what?

---

posted September 10, 2004 22:55            

quote:

---

Originally posted by Money_Penny:
I just called my broker (lowtrades) and asked about the UCAD dividend since people on other boards are reporting they’re getting statements showing the UCAD dividend had posted in their accounts. To my surprise, there are UCAD shares set up in a separate account for me (I think he said it was a margin account). He told me the amount of shares and doing a quick calculation the distribution rate was 0.0000155. I asked if the shares were showing restricted and he said yes. He did not know how long the shares would be restricted. I then asked about any applicable fees once they became unrestricted and I wanted to sell them and he said it depends whether or not they need to go through the TA for that transaction. If they do (which is not the norm) there would be a fee from the TA. Otherwise, there would not be any fees.

At least some positive news albeit the distribution rate would suggest a 483b o/s which compared to 800b or 1.5t does not sound too bad!!!

BTW, these shares will not show up in your online accounts, probably because they are restricted.

---

--------------------------------------------

I have my statement in front of me from Lowtrades and it shows that I have 23 shares of UCAD. It also shows the payout of .0000155 per share of CMKX. I have 1.5 million shares of CMKX and that equals 23.65 shares of UCAD. Darn I lost 2 thirds a share, thats gonna hurt!!!! It also shows that it was moved to a type 4, LOC 1R account which is not a margin account because I have a margin account with Lowtrades and it doesn't show online. It must be a restricted type of account.

However, like MoneyPenny said this is a positive note that the outstanding should be 483 Billion. We will see when we get the rest of the spinoff shares.

posted September 10, 2004 22:59            

quote:

---

Originally posted by trgfunds:
Money, my broker is also lowtrades and since I just read your post after business hours I can't check to see if my account shows the same, but did they tell you when (as of what date) you got the UCAD shares? How do you access the acct? do they just give you a new number or what?

---

--------------------------------------------

Sorry, just got to this post.

It shows in my statement that the date received was 8/23/04. Not bad, only 3 days after effective date.

Can't answer about the available date for selling.

Steve

posted September 11, 2004 00:51            

U = Urban Casavant
C = Carolyn Casavant
A = Andrea Desormeau
D = David Desormeau

The true owners and controllers of UCAD ???
Anyone care to speculate on this theory???
------------------
"If We Agree To Disagree, Then We Can Remain friends"

posted September 11, 2004 13:51            

I just emailed them. Will post their reply.

posted September 11, 2004 14:40            

--------------------------------------------------------------------------------
This was posted earlier by DiamondWon see below for full copy.

{I explained what I was reading on these ********s about people claiming to have received their UCAD dividends as unrestricted shares. He said this was possible, as a broker can advance these shares to a client if they so choose, in expectation of the shares being duely issued by CMKX through 1st Global.}

Well I said I would call 1st Global and Pacific. Just got off the phone with Jeff at 1st Global. I had two issues that needed to be addressed. First, Canada Etrade will not accept Certs on OTCBB and Pink stocks. The certs have to be returned to 1st Global with instructions as to which broker you want them electronically converted to. The Big Hassel is that they need to be "Medallioned!" In the states any bank can do this, not so in Canada! He suggested I open a US Etrade account which requires me to open a US Bank account. So this weekend I am off to Blaine, Wash.

My second question was pertaining to the UCAD and CIM dividends. I explained what I was reading on these ********s about people claiming to have received their UCAD dividends as unrestricted shares. He said this was possible, as a broker can advance these shares to a client if they so choose, in expectation of the shares being duely issued by CMKX through 1st Global.

ALL dividends HAVE to go through 1st Global, and to date they have not received any shares from UCAD or CIM. When I asked how they could be coming up with these ratios that we are seeing, he said this info is coming from the OTCBB or DTC. He said that the actual ratios will in all likelihood be different. He said everytime someone comes up with a new ratio, his phone rings off the hook!

Jeff said, don't believe what you read or hear about from these Chat Rooms. No one at this point knows what the actual ratio will be, other than the company and 1st Global!

So, as soon as I think this should be a Black & White clear cut issue, we muddy the water with some brokers advancing shares. What happens when the ratio is declared and it turns out to be different, unclear how those brokerages will deal with the discrepancy.

posted September 11, 2004 15:33            

quote:

---

Originally posted by glassman:
OK now that the shares are showing...
you need to hear from who IS NOT getting shares...
those are the NSS........

anybody????????????????????????

---

posted September 11, 2004 20:06            

VAN wrote:

PS: NO WALLACE it doesn't mean it's NSS because we haven't got it; more tripe dispersion. Hope no one is taking your advice
---------------------------------------------

Just keep slapping yourself and listen up!!!
That bit about the NSS was posted by Glassman. More "tripe dispersion", huh?

So much for YOUR valuable advice!

If there has been any CMKX naked short selling in huge amounts, Glassman just happens to be right.

posted September 11, 2004 20:32            

There are 483,870,967,741 shares out there.
We now know that the PPS on the UCAD div is $4.75/ a share. So with that info, we can now figure out how many shares of CMKX there are.
The dividend was paying .0000155 share of UCAD for every share of CMKX. Multiply $4.75 by .0000155 and you will get a number of .000073625. That is $.000073625 amount of UCAD you will recieve for every share of CMKX that you have. Now take $.000073625 and mulitply it by the dividend amount of 7,500,000 shares of UCAD and you get a number of $35,625,000. This means that there is $35,625,000 out there of a pie that every CMKX shareholder will get a peice of at $.000073625 per one share held. So, multiply $35,625,000 by $.00007325.You get a number of 483,870,967,741.

posted September 11, 2004 21:02            

quote:

---

Originally posted by highwaychild:
Does anyone here have any disputes with the math someone posted on another site as to the o/s?

There are 483,870,967,741 shares out there.
We now know that the PPS on the UCAD div is $4.75/ a share. So with that info, we can now figure out how many shares of CMKX there are.
The dividend was paying .0000155 share of UCAD for every share of CMKX. Multiply $4.75 by .0000155 and you will get a number of .000073625. That is $.000073625 amount of UCAD you will recieve for every share of CMKX that you have. Now take $.000073625 and mulitply it by the dividend amount of 7,500,000 shares of UCAD and you get a number of $35,625,000. This means that there is $35,625,000 out there of a pie that every CMKX shareholder will get a peice of at $.000073625 per one share held. So, multiply $35,625,000 by $.00007325.You get a number of 483,870,967,741.

Is that how one gets the o/s?

---

-------------------------------------------

Well, thats a hard way of doing it. The easiest way is to take the 7.5 million and divide it by the split ratio.

7500000 / .0000155 = 483870967741.935

This will give you CMKX's outstanding share count. You can't get any better numbers than that for accuracy. I don't know where all the other figures are coming from. The count of over 1 trillion outstanding shares was a bit far fetched. Someone got their numbers crossed somewhere. JMHO

Steve

posted September 11, 2004 21:08            

quote:

---

Originally posted by Steve020866:

---

posted September 11, 2004 21:15            

In essence, the folks who sell back shares to the MMs are providing the MMs with the "borrowed" shares that the MMs were supposed to have had access to before they shorted. So whoever sells, is HELPING the MMs with their scheme.

And had an excellent answer to the NSS issue. If you DON'T sell, your shares are real by default. The MMs have to cover all the shorts (eventually). When they do, the price goes up and some will sell. If you DON'T sell, you will be holding shares that will BECOME real. The shares sold back to the MMs, even if they are "real" automatically become candidates to cover for the shorted shares. The shares sold back are destroyed, along with the same number of shares recorded as shorted.

In essence, the folks who sell back shares to the MMs are providing the MMs with the "borrowed" shares that the MMs were supposed to have had access to before they shorted. So whoever sells, is HELPING the MMs with their scheme.
--------------------------------------------------------------------
Also from another site http://www.rgm.com/shortselling.html

posted September 11, 2004 21:17            

I read that post on the other cmkx board...

It does make sense. However if the price is right the MM's can have all my shares

posted September 11, 2004 21:19            

"NO WALLACE it doesn't mean it's NSS because we haven't got it; more tripe dispersion. Hope no one is taking your advice"

Why would any of us take La Fem's advice!?!?! I'd sooner gargle with Bleech...